In a survey of advisors on the topic of retirement income, GDC Research and Practical Perspectives found the firm that certain "contradictions" are making it hard for firms to take advantage of the seemingly vast Boomer retirement opportunity.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
This week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
The ratings agency that downgraded the federal government's debt in 2011 now finds itself accused of fraud by that same government's attorney general. The credibility of life insurer strength ratings is just one of the issues at stake.
New Jersey advisor Mark Cortazzo has started a new service, Annuity Review, to make sure individuals and their advisors understand the value hidden in the variable annuities they already own.
The new offerings include investment options from Dimensional Fund Advisors, JP Morgan and other firms, as well as new underlying funds from Guggenheim Investments.
The amount represents “net gains pocketed by the company due to how certain transaction processing errors were handled between 2008 and 2011," the DoL said.
“The Federal Reserve is creating about $4 billion in new money every business day, and even a few Fed officials are concerned that this money printing is blowing up asset bubbles,” said David Santschi, TrimTabs' CEO.
Brief or late-breaking items from Putnam Investments, Pershing LLC, DST Systems, Inc., Vanguard, Groom Law Group and LIMRA.
As he got older, my father never wanted to share his financial secrets with me, my brother or my sister. When he died a few weeks ago, we got our first peek into the filing cabinet that contained his will and other paperwork.